NOT LISTED FOR SALE

10259 S Rachel Rd SW Unit SW Farwell, MN 56327

Estimated Value: $207,837 - $267,000

2 Beds
1 Bath
672 Sq Ft
$356/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $185,000 $275 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,351/month

25 Days on Market

Highlights

  • 169 Feet of Waterfront
  • Lake View
  • Deck
  • Lincoln Elementary School Rated A-
  • Island Location
  • No HOA

About This Home

As of September 2023

Welcome to the Island! This is the Island on Lake Rachel that you can drive out to on a private road! This is the perfect spot to own as your vacation home! Compact lot means you won't be spending the weekend like most lake home owners mowing and working etc etc. Just try finding a package like this on a great deep lake like Lake Rachel in this price range! Clean and Deep! This lake is 65+ft Deep. The last DNR report says no invasive species in this lake, not even carp! Please read the DNR Lakefinder report on this lake! Electric run out to island under private drive. This property just screams "Enjoy the Lake"!
Line up a showing Now!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $872

Year Built

  • Built in 1964

Lot Details

  • 4,356 Sq Ft Lot
  • 169 Feet of Waterfront
  • Lake Front

Parking

  • Guest Parking

Home Design

  • Wood Siding

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Lake Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • 100 Amp Service
  • Water Filtration System
  • The lake is a source of water for the property

Additional Features

  • Deck
  • Island Location

Community Details

  • No Home Owners Association
  • Island Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 180581000

Home Details

Home Type

Single Family

Est. Annual Taxes

$872

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Accessibility Features: None
  • Water Source: Lake Water
  • Year Built: 1964
  • Above Grade Finished Sq Ft: 672
  • Water Body Name: Rachel
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Dryer, Water Filtration System, Range, Refrigerator, Washer
  • Living Area: 672
  • Fireplace: No
  • Basement YN: No

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck
  • LakeChain: N
  • Waterfront Frontage: 169

Garage/Parking

  • Parking Features: Guest Parking

Utilities

  • Heating: Other
  • Sewer: Holding Tank
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Electric
  • Power Company: Runestone Electric Association

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Ethernet Wired,Main Floor Primary Bedroom,Panoramic View,Boat Slip

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 320-762-2141

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 4356
  • Land Lease: No
  • Lot Features: Island/Peninsula
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 180581000
  • Tax Annual Amount: 872
  • TaxWithAssessments: 872.0000

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2024
Sold by
Carlson Ronald Frederick
Bought by
Nelson Luke and Brown Katie
Current Estimated Value
$238,959

Purchase Details

Listed on
Jul 17, 2023
Closed on
Sep 6, 2023
Sold by
Tully Edward Thomas and Tully Linda Louise
Bought by
Nelson Luke Michael and Brown Katie Colleen
List Price
$185,000
Sold Price
$185,000
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%
Original Mortgage
$148,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2023
Sold by
Tully Nickolas Glen Merritt
Bought by
Tully Edward Thomas and Tully Linda Louise

Purchase Details

Closed on
Oct 28, 2016
Sold by
Tully Edward Thomas and Merritt Tully Linda Louise
Bought by
Merritt Tully Nickolas Glen

Purchase Details

Closed on
Aug 27, 2015
Sold by
Booen Marilyn O and Booen Revocable Livi Marilyn O
Bought by
Tully Edward T and Tully Linda M

Purchase Details

Closed on
Aug 14, 2008
Sold by
Booen Marilyn and Booen Marilyn O
Bought by
Booen Marily O and Marlyn O Booen Revocabl Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nelson Luke -- None Listed On Document
Nelson Luke Michael $185,000 Integrity Title
Tully Edward Thomas $500 None Listed On Document
Merritt Tully Nickolas Glen -- None Available
Tully Edward T $85,500 Integrity Title Inc
Booen Marily O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Luke Michael $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $185,000 0.0% $275 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $185,000 -- $275 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,066 $146,200 $53,600 $92,600
2024 $1,066 $141,900 $53,600 $88,300
2023 $986 $121,800 $53,600 $68,200
2022 $844 $101,100 $37,500 $63,600
2021 $842 $89,800 $37,500 $52,300
2020 $862 $84,700 $36,400 $48,300
2019 $868 $84,600 $36,400 $48,200
2018 $808 $83,800 $36,400 $47,400
2017 $734 $81,900 $36,400 $45,500
2016 $580 $75,466 $35,308 $40,158
2015 $582 $0 $0 $0
2014 -- $55,500 $27,300 $28,200
Source: Public Records

Map

Source: NorthstarMLS

MLS Number: 6402963

NorthstarMLS

APN: 18-0581-000